Thursday, May 20, 2010

"Wealthier" Mass Hospitals to "contribute" $100 mil

If Hugo Chavez took over healthcare in Massachusetts, it would look something like this:

Link

BOSTON — Wealthier hospitals would be required to make a one-time $100 million contribution to ease insurance premiums for smaller businesses under a bill approved Tuesday by the state Senate.

The bill would let businesses with 50 or fewer workers form cooperatives to purchase insurance at a lower cost. Another provision presses insurers to spend at least 90 percent of premium dollars on care and 10 percent or less on administrative costs.

Senate President Therese Murray said the bill, which passed on a 33-4 vote, will ease instability in the insurance market, smooth out annual fluctuations in premiums and require insurers offer affordable small business plans.